Thursday, 1 October 2015

Security experts expect increase in mobile payment-related breaches

From Mobile Payments Today –

“A survey of 900 cybersecurity experts shows that an overwhelming majority (87 percent) expect an increase in mobile payment data breaches over the next 12 months, yet 42 percent have used this payment method in 2015.

The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that cybersecurity professionals are willing to balance benefits with perceived security risks of mobile payments, according to press release.

Highlights of the study include:
  • only 23 percent of respondents believe that mobile payments are secure in keeping personal information safe;
  • nearly half (47 percent) say mobile payments are not secure; and
  • at 89 percent, cash was deemed the most secure payment method, but only 9 percent prefer to use it.”
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